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203 Rose Arbor Lane 
Matthews, NC
28105
4 Beds 3 Baths 3,035 sqft
Built 1986
INVESTimate
$470,000
List Price
$130,300
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PROPERTY INFO
FACTS
- Built In 1986
- Price/Sqft : $154.86
- 1 Days on Market
- MLS # : 3655388
- Updated Date : 08/26/2020 at 00:05
CONSTRUCTION
- Beds : 4
- Floor Size : 3,035 sqft
- Baths : 3 full
Listing Agent
Keller Williams Ballantyne Area
Listing Agent's Description
Here is your opportunity to own a home in the popular Greygate community in Matthews. What a great location! Just minutes away from Providence Road and the Arboretum, Downtown Matthews, Elizabeth Lane Elementary and Providence High School. This cul-de-sac home sits on approximately 1/2 an acre with a nice size lawn and is wooded in the back so you can enjoy peace and quiet in a central location. The home itself has been beautifully updated with a kitchen remodel, upstairs bath remodel, new carpet, crawl space encapsulation and more! There is a main level guest suite and an upstairs bonus room that can be used as a further bedroom, office space or rec room. Relax in the nice size den with a fireplace that is open to the kitchen. Enjoy the recently rebuilt deck with plenty of space for you and your guests. This is just an all-around great home. Great location, great condition and a great floor plan. Don't miss this excellent opportunity!
SEE MORE
- Corporate Fortune 500 headquarters: Bank of America, Lowe’s, Duke Energy, Nucor, Family Dollar Stores, Sonic Automotive, Domtar
- #3 fastest-growing big city in US with more than 15,000 people added in 2017 (US Census, 2018)
- Charlotte metro has 65.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
- Charlotte attracted more than $325 million in capital investments in 2018Q2 (Meckelenburg county, June 2018)
- Charlotte metro's economy is worth $181 billion in Gross Metro Product and projected to grow to $192 billion in 2019 (USMayors.org, 2018)
- #1 Millenial Moving destination city (Smart Asset)
PRICE & RENT TRENDS
Neighborhood: Matthews
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Matthews
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,430 |
| EXPENSES | Loan Payment | -$1,734 |
| Property Tax | -$384 | |
| Property Insurance | -$84 | |
| HOA | -$11 | |
| Property Management Fees | -$219 | |
|
CASH FLOW
-$2
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.
$470,000
PROJECTED PRICE
$2,430
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.48% |
| Appreciation Year (1-5) | 5.54% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.31% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,300
LOAN DETAILS
$1,734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
4.92
YEARS SAVED
$28,359
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,430
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,443
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
203 Rose Arbor Lane Matthews, NC 2
- 4 beds 3 baths ∙ 3,035 Sqft ∙ Built 1986 4 beds 3 baths ∙ 3,035 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,430
- $0.80
-
7516 Swinford Place Charlotte, NC 1
- 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,819 Sqft ∙ Built 1993
LEASED 02/13/20- Rent
- Rent Per SQFT
- $2,345
- $0.83
-
906 Grand Provincial Avenue Matthews, NC 3
- 4 beds 4 baths ∙ 3,070 Sqft ∙ Built 2005 4 beds 4 baths ∙ 3,070 Sqft ∙ Built 2005
LEASED 03/10/20- Rent
- Rent Per SQFT
- $2,450
- $0.80
-
2804 Bridle Brook Way Charlotte, NC 4
- 5 beds 4 baths ∙ 3,110 Sqft ∙ Built 2006 5 beds 4 baths ∙ 3,110 Sqft ∙ Built 2006
LEASED 03/01/20- Rent
- Rent Per SQFT
- $2,550
- $0.82
-
216 Rosedale Lane Matthews, NC 5
- 4 beds 4 baths ∙ 3,307 Sqft ∙ Built 1997 4 beds 4 baths ∙ 3,307 Sqft ∙ Built 1997
LEASED 03/08/20- Rent
- Rent Per SQFT
- $2,550
- $0.77
PROPERTY LISTING DETAILS
1.704.593.9736
Keller Williams Ballantyne Area
